ETHICAL LEADERSHIP AND CORPORATE COMPLIANCE
Live-Online Training: N250,000.00
Classroom Training: N 350,000.00
3 - 4 participants: 5% discount
5 or more participants: 10% discount
(Available also for Customised Training by Duration, Venue, Fee & Date)
Programme Description
Ethical Leadership is crucial in any organisation.
For an organisation to thrive and remain a viable player, Ethics should be integrated into the basic day-to-day working of every employee of such an organisation. Where leaders are not ethical, the organisation cannot expect to function along the lines of ethics and moral values.
Ignorance of company policies or national laws will unlikely save the business or managers from serious repercussions.
Learning Objectives
At the end of the programme, participants will be able to:
- Define Ethical Leadership and Compliance
- Manage ethical dilemmas and make ethical decisions
- Identify common red flags related to aberrations like bribery and corruption.
- Understand the various dimensions of bribery and corruption.
- Appreciate the fiduciary responsibilities of all stakeholders.
- Demonstrate the fundamental principles of business morality.
- Play responsible roles in identifying and mitigating corrupt practices.
Course Contents
DAY ONE
A Business Case for Ethical Leadership
- An overview of Ethical Leadership
- Strategic Importance of Ethical Leadership and Compliance
- Ethics and Moral Frameworks.
- Various Ethical Theories
-Value-based
-Behaviour-based
-Consequence-based
-Role/duty-based
- The Principles of Ethical Leadership
-Respect for Others
-Service to Others
-Justice for Others
-Honesty toward others
-Building Community with Others
- Various Elements of Character in Ethical Leadership
-Trustworthiness
-Esteem
-Dutifulness
-Candor
-Demeanor
-Caring
DAY TWO
Compliance: Overview of the Regulatory Environment
- The objectives of business regulation
- Major trends in the global regulatory environment
-Key characteristics of the more recently announced holistic regulatory changes and the new legislature
- The role of the Regulators
- What do the Regulators expect?
- Your own business jurisdiction
- The difference between a best practice and a regulatory obligation
- Governance and Compliance Obligations
-Financial Reporting Quality
-Foundation for General Ethical Conducts
-Corporate Social Responsibility
-Harmonizing professional conduct of staff
-Diffusing wrong notions of business practices.
DAY THREE
Making Ethical Decisions
- Four Key Questions for Ethical Leadership Decision Making
-Is the decision based on truth?
-Is the decision fair to all concerned?
-Will the decision build goodwill amongst others?
-Will the decision be beneficial to all concerned?
- Challenges of Ethical Leadership
- Develop Ethical Leadership in Leaders
- Ethical Dilemmas in the Workplace
- Four Paradigms of Dilemmas
-Truth vs Loyalty
-Individual vs Community
-Justice vs Mercy
-Short term vs Long term
- Core Responsibilities of an Ethical Leader
- Key Traits of an Ethical Leader
- Tips to Improve Ethical Leadership in an Organization
DAY FOUR
Fiduciary Responsibilities of Managers/Leaders
- To Shareholders
- To Employees
- To Creditors
- To Suppliers
- To Customers
- To the Environment
-Conflict of Interests
-Ethical Norms Applicable to Conflict of Interest Situations
- Measures Against Unethical Behaviours
-Board oversight
-Policies and their application
-Internal Control Effectiveness
-Audit trail watch
-Cash transactions watch
-How to make a report.
DAY FIVE
Company Assets, Bribery and Money Laundering
- Ethics and Corruption in Business
- Indicators and red flags of suspicious transactions and activities
Compliance As a Business Practice
- Industry and Sector Analysis
- Legal Frameworks for Corporate Compliance
- Managing the Compliance Process
- Corporate Culture vs Compliance
- Penalties for non-compliance
Compliance Monitoring and Evaluation.